Charges and Credits (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring And Related Activities [Abstract]

Schlumberger recorded the following charges and credits during 2019, all of which are classified as Impairments & other in the Consolidated Statement of Income (Loss), except for the gain on the formation of the Sensia joint venture:

	(Stated in millions)

	Pretax			Tax			Net
Fourth quarter:
North America restructuring	$	225		$	51		$	174
Other restructuring		104			(33	)		137
Workforce reductions		68			8			60
Pension settlement accounting		37			8			29
Repurchase of bonds		22			5			17
Gain on formation of Sensia joint venture		(247	)		(42	)		(205	)
Third quarter:
Goodwill impairment		8,828			43			8,785
Intangible assets impairment		1,085			248			837
North America pressure pumping		1,575			344			1,231
Other North America-related		310			53			257
Argentina		127			-			127
Equity-method investments		231			12			219
Asset Performance Solutions		294			-			294
Other		242			13			229
	$	12,901		$	710		$	12,191

During 2018, Schlumberger recorded the following charges and credits:

	(Stated in millions)

	Pretax			Tax			Net
Gain on sale of marine seismic acquisition business	$	(215	)	$	(19	)	$	(196	)
Workforce reductions		184			20			164
Asset impairments		172			16			156
	$	141		$	17		$	124

Schlumberger recorded the following charges and credits during 2017, of which $3.211 billion were classified as Impairments & other, $245 million were classified in Cost of sales and $308 million were classified as Merger & integration in the Consolidated Statement of Income (Loss):

	(Stated in millions)

						Noncontrolling
	Pretax		Tax			Interests		Net
Impairment & other
WesternGeco seismic restructuring charges	$	1,114	$	20		$	-	$	1,094
Venezuela investment write-down		938		-			-		938
Promissory note fair value adjustment and other		510		-			12		498
Workforce reductions		247		13			-		234
Multiclient seismic data impairment		246		81			-		165
Other restructuring charges		156		10			22		124
Cost of sales							-		-
Provision for loss on long-term construction project		245		22			-		223
Merger & integration							-		-
Merger and integration-related costs		308		70			-		238
US tax reform charge		-		(76	)		-		76
	$	3,764	$	140		$	34	$	3,590